Raymond James & Associates Trims Holdings in Masonite International Co. (NYSE:DOOR)

Raymond James & Associates lessened its stake in shares of Masonite International Co. (NYSE:DOOR - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,966 shares of the company's stock after selling 5,774 shares during the period. Raymond James & Associates owned approximately 0.05% of Masonite International worth $1,013,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in Masonite International during the 3rd quarter worth approximately $25,000. Ronald Blue Trust Inc. boosted its holdings in shares of Masonite International by 352.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 267 shares of the company's stock valued at $27,000 after acquiring an additional 208 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Masonite International in the 3rd quarter valued at $103,000. Strs Ohio purchased a new stake in shares of Masonite International in the 3rd quarter valued at $214,000. Finally, Duality Advisers LP boosted its holdings in shares of Masonite International by 16.9% in the 3rd quarter. Duality Advisers LP now owns 2,423 shares of the company's stock valued at $226,000 after acquiring an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 97.07% of the company's stock.

Insider Activity

In other news, insider Robert Paxton sold 721 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $129.95, for a total value of $93,693.95. Following the completion of the sale, the insider now directly owns 20,798 shares in the company, valued at $2,702,700.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Christopher O. Ball sold 396 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $130.06, for a total transaction of $51,503.76. Following the completion of the sale, the insider now directly owns 13,263 shares in the company, valued at $1,724,985.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Paxton sold 721 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $129.95, for a total transaction of $93,693.95. Following the sale, the insider now owns 20,798 shares of the company's stock, valued at $2,702,700.10. The disclosure for this sale can be found here. Insiders sold 1,641 shares of company stock worth $213,329 over the last three months. Insiders own 1.21% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on DOOR shares. TheStreet downgraded shares of Masonite International from a "b" rating to a "c+" rating in a report on Tuesday, February 20th. Wedbush reiterated a "neutral" rating and issued a $133.00 target price on shares of Masonite International in a research note on Tuesday, February 20th. StockNews.com initiated coverage on shares of Masonite International in a research note on Tuesday, April 16th. They issued a "hold" rating for the company. Oppenheimer initiated coverage on shares of Masonite International in a research note on Friday, January 19th. They issued an "outperform" rating and a $115.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on shares of Masonite International from $87.00 to $133.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $116.89.

Masonite International Price Performance

NYSE:DOOR traded down $0.14 during trading hours on Monday, reaching $131.25. 752,174 shares of the company were exchanged, compared to its average volume of 659,918. The company has a current ratio of 2.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.22. The stock's 50-day moving average is $130.72 and its 200-day moving average is $103.27. The firm has a market cap of $2.88 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 6.93 and a beta of 1.64. Masonite International Co. has a twelve month low of $76.87 and a twelve month high of $131.93.

Masonite International (NYSE:DOOR - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.36 by ($0.05). The business had revenue of $660.58 million during the quarter, compared to analyst estimates of $659.87 million. Masonite International had a net margin of 4.18% and a return on equity of 20.17%. During the same quarter last year, the company earned $1.72 earnings per share. On average, sell-side analysts anticipate that Masonite International Co. will post 9.48 earnings per share for the current fiscal year.

Masonite International Profile

Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors and door solutions for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers interior doors of wood and related materials, including wood composite molded and flat door facings; exterior doors of steel, fiberglass, or composite materials; and molded panel, flush, stile and rail, steel, and fiberglass residential doors; and architectural doors, as well as Z-articulating cap sill, ADAptive, and ultimate astragals,trilennium, simple solution corner pads, and panolock products.